Weekly Watch List November 18th

Happy Sunday!

I hope that every one is having a fantastic weekend. Last week the market spent a lot of time just below key resistance areas all week before breaking out on a gap on Friday. We saw new all time highs for most of the major indices and overall a lot of strength. Having said that, it would be very normal to see some sort of back test or pullback here before possible heading higher. Another thing to note is that the VIX is giving us some mixed signals. It tried a few times to break over its sma20 before easing considerably on Friday; however, it remains in a bullish looking TTM Squeeze on the daily and a bearish looking TTM Squeeze on the weekly. We will be keeping a close eye on the VIX daily and weekly charts this week. Overall we will continue our patient and shorter time frame approach. Here are some names that we will be watching this week:

NTNX has made a nice recovery off of its August lows, and it looks ready to possibly move higher into its earnings report on November 25th. We like this either on a pullback and hold of the $29 area or a break over last week's high of 29.66 for a move up to the sma200 in the high $31s. It also as a nice gap above that would fill at 32.51

BNED is a lower priced name that recently took out its sma200 and has a nice little cup and handle type setup with a TTM Squeeze on the daily. We like this on a break above 4.75 for a test of $5 and possible move much higher or on a pullback and move back up through 4.50

INSM is a biotech with an early 2020 catalyst that just took out its sma100. We like this over $20.30 for a push up towards next candle resistance around $22

ZUO has a great looking TTM Squeeze on the daily as it heads in to its earnings report in early December. It has been struggling with its sma100, but it was able to take that out on expanding volume on Friday. We like this over 15.22 for a push up to $16 or higher. There is very little in the way of resistance once it gets through the 15.30s

BBBY can be a bit volatile at times as it has very heavy short interest, but the setup looks nice here it can hold its sma20 on the daily. We like this over 14.25 for a test of $15 and possible move higher

ANF is another name with upcoming earnings on November 26th. IT has been rather beat up but showing signs of turning around and there is a large gap above and lots of room to the sma200. We like this over 18.50 for a move up towards the sma200 around $20

ULTA is another very beat up retail name from a poor earnings report last quarter. They have their earnings report coming up on December 5th, and they have a nice TTM Squeeze on the daily heading into that. We like this on a clean pull away from its ema34 which has been acting as resistance. We are looking for entry over 246.75 for a push up towards $250 or higher

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